Mumbai, January 9: (Udaipur Kiran). Shares of Rail Vikas Nigam Ltd (RVNL) moved higher on Thursday after the company announced that it has received a Letter of Acceptance (LoA) worth ₹201.23 crore from East Coast Railway.
The stock was trading at ₹343.55 on the BSE, up ₹1.00 or 0.29 percent from its previous close of ₹342.55. It opened at ₹343.10 and touched an intraday high of ₹350.45 and a low of ₹338.05. A total of 5,06,673 shares were traded on the counter.
The BSE Group ‘A’ stock, with a face value of ₹10, has recorded a 52-week high of ₹501.55 on February 1, 2025, and a 52-week low of ₹295.25 on April 7, 2025. Over the past one week, the scrip traded between ₹338.05 and ₹373.00. The company’s current market capitalisation stands at ₹71,193.01 crore. Promoter holding in the company is 72.84 percent, while institutional and non-institutional investors hold 11.07 percent and 16.09 percent respectively.
Rail Vikas Nigam said it has received the LoA from East Coast Railway for setting up a Wagon POH Workshop with a capacity of 200 wagons at Kantabanji. The project cost, excluding GST, is ₹201.23 crore and the order is to be executed within 18 months.
RVNL functions as an extended arm of the Ministry of Railways and is engaged in executing a wide range of railway infrastructure projects, including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, cable-stayed bridges and institutional buildings.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
